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Mastering Inflation: Navigating Fixed-Price Economic Price Adjustments in Government Contracts

Capital Edge Consulting

Labor is among the largest contract cost recorded to Government contracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.

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Government Contracts Cost and Pricing: The Truth in Negotiations Act, or Whatever the Kids Are Calling It These Days (Part 3)

Government Contracts & Investigations

14] DCAA’s risk assessment is based on discussions with the contracting officer, the price negotiation memorandum (PNM), the contractor’s audit history (permanent file), publicly available information, and information obtained from the contractor. [15] Deliver cost or pricing data to the contracting officer.

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Taking Care of Business (Systems): DoD Proposes to Change the Definition of a Business System Deficiency 

Government Contracts Legal Forum

The clauses allow the government to temporarily withhold payment on a covered contract if a significant deficiency in a business system is identified. The post Taking Care of Business (Systems): DoD Proposes to Change the Definition of a Business System Deficiency appeared first on Government Contracts Legal Forum.

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What new White House guidance on grants means for agencies that hand them out

Federal News Network

And government contractors will sometimes participate in the federal grant space, either as contractors or as recipients or sub recipients. And increasingly, the federal grant in assistance space is becoming subject to more requirements that start to look like government contracts. So there’s a lot of money.

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Application of CAS to Indefinite Delivery Vehicles (IDVs)

Capital Edge Consulting

Labor is among the largest contract cost recorded to Government contracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.

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Conformance of CAS to GAAP

Capital Edge Consulting

Labor is among the largest contract cost recorded to Government contracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.

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Conformance of CAS to U.S. GAAP for Operating Revenue and Lease Accounting

Capital Edge Consulting

Labor is among the largest contract cost recorded to Government contracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.